The rental market in Boise is hotter than ever. If your building or home is a part of a homeowners association (HOA), your HOA home value could increase even more. As a property owner, it's natural to wonder if adding your properties to an HOA would increase the value.
From what an HOA does to how they maximize home prices, we've rounded up everything you need to know about an HOA. They can help centralize yard work, home maintenance, home upkeep, amenities, and more. Let's jump in and see if an HOA is right for your property.
HOAs are Well-Maintained
A property in an HOA is often well-maintained. This is because the association has standards for its residents. They also provide services that help homeowners maintain those services.
Services such as lawn care and tree trimming, for example, help to keep properties looking great. When potential buyers pull into an HOA neighborhood, they will see pretty lawns and well-maintained houses.
You'll have nice common areas, amenities, and welcoming streets. This is a huge selling feature. Especially when your community is professionally managed.
HOA Communities Offer Amenities and Services
An HOA community offers a range of amenities that homeowners can enjoy at their leisure. Amenities are important for many people, especially those with children or pets. A community pool, tennis courts, and playgrounds are just some of the options available in certain HOA communities.
You may also find that you have access to nearby parks or green spaces where you can walk your dog or take a jog after work. These amenities can help sell your home faster when buyers are looking for perks without all the work.
The great thing about these amenities is that the homeowners association keeps them up. Your dues go to cleaning the pool, landscaping, and other community services. Buyers will love not having to tackle these tasks on their own and will pay more for these homes.
What an HOA Manager Does
You might be wondering if an HOA is right for you. An HOA can be a good thing if you want to live in a community with shared amenities. An HOA manager helps to oversee the association.
Homeowners' association boards and managers help with taxes, financing, communicating with third-party contractors, and resident communications. Professional homeowners association managers take all this weight off your shoulders.
Without the use of a professional company, residents and board members are left to tackle these projects on their own. This leaves a lot of room for error and resident tension. Potential buyers will also pay more knowing the association is managed professionally.
Boost Your HOA Home Value Today
With the boom in Boise's real estate market, it's even more important to get a handle on your properties' homeowners association. Using a professionally managed HOA will give you perks such as well-maintained lawns, streets, and community amenities. This is a great way to boost your HOA home value.
Potential buyers will pay more to enjoy the luxuries of living in a homeowners association. To learn more about our professional home association management services, get in touch here with PMI Treasure Valley. We have experts ready to help with your association needs.